On Tuesday, Britain’s competition watchdog said, Viagogo would have to sell all of StubHub’s business outside North America following its findings after a probe that the deal would reduce competition in the secondary ticketing market in UK. In a statement,… Read More ›
Day: February 2, 2021
Business travel likely to grow by 21% in 2021: Global Business Travel Association
On Tuesday, according to a business travel association, business travel spending is likely to grow by 21% this year globally thanks to the rollout of COVID-19 vaccines; however, it is unlikely to recover to pre-pandemic levels until at least the… Read More ›
Ford to invest $1 billion towards upgrading South African manufacturing operations
In a statement on Tuesday, Ford Motor Co stated, it will invest $1.05 billion in its South African manufacturing operations, which includes upgrades, to expand the production of its Ranger pickup truck. The amount includes $683 million for technology upgrades… Read More ›
Panasonic’s battery production is its biggest profit driver
On Tuesday, Panasonic Corp raised its full-year operating profit forecast by more than 50% on the back of heightened demand for its batteries from pandemic-driven purchases of home appliances, sales of 5G equipment and Tesla Inc cars. The strong performance… Read More ›
118 orders for 777x no longer firm: Boeing Co
In a statement Boeing Co said, 118 orders for its 777X widebody plane under development are no longer seen as firm under accounting rules that require it to regularly assess their viability; the planemaker has now 191 solid orders for… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›